Vol. 16 No. 24 - April 13, 2016

BUSINESS

It's a new day at A Hair Day Salon & Spa

LaPensee Plumbing Pools Air

LOUISE BOLGER | SUN

From left, Karen Rediker, Faith Baglieri and Cindy Simmons
offer an entire menu of services at A Hair Day Salon and Spa.

BY LOUISE BOLGER | SUN STAFF WRITER

Change is a wonderful thing, and when Faith Baglieri decided it was time to grow and expand her hair salon, she didn’t hold back. In February, Baglieri moved her business from the middle of the Mount Vernon Plaza to a much larger and very visible location facing Cortez Road. And that wasn’t all. She added an entire menu of services, turning what once was a traditional hair salon into a salon and spa.

The new décor at A Hair Day Salon & Spa will make you feel like you’re walking on to a beach with its sky blue walls, tropical fans and sandpiper murals. In addition, all of the hair stations are brand spanking new as well as the furnishings for the new spa, which features a soothing massage room.

A Hair Day Salon & Spa’s hair services include shampoo and haircuts, which are still only $16 for both men and women; perms; highlights; roller sets; blow-drys and of course color. Faith Baglieri and Cindy Simmons are both hair stylists with many years of experience. Baglieri started A Hair Day salon in 1999 after prior years working and managing other salons. Simmons has been in the business since 1973 in both Sarasota and Manatee counties and with A Hair Day for almost four years. She is a color specialist and offers facials as well.

Karen Rediker handles the spa side of A Hair Day Salon & Spa with a full menu of massage therapies as well as chair massage. She also offers pedicures, manicures, facials, waxing and microdermabrasion. Rediker brings many years of experience to the new location, including a previous massage business on Anna Maria Island for 13 years.

Baglieri and her specialists aren’t even close to being done. They are planning a makeup bar within the next couple of months and can host wedding parties in their very large space. Wedding groups can come to them or the A Hair Day staff will go to the wedding party location, making for a very festive pre wedding event. They even have Caitlin Walker, a makeup artist , who can’t wait to get started after her training is completed.

Some of the products A Hair Day Salon & Spa offers are Paul Mitchell products as well as Nevo products, which are 100 percent vegan, gluten free and biodegradable and 5 percent of the cost goes to fighting cancer. To further support cancer research, A Hair Day Salon & Spa raises money for the Anna Maria Island Relay For Life, which takes place on Coquina Beach in May. For the event the women are raffling off two gift baskets full of great stuff, including gift certificates for their salon, and you can purchase tickets at the salon.

Soon, A Hair Day Salon & Spa will be hosting an open house to welcome everyone to their new location and offering refreshments and raffles. Watch for that date in their ad in the Sun. Baglieri invites hair stylists who would like to join her expansion to stop by and see her four great hair stations. She also wants to thank everyone who has supported the salon over the years.

Baglieri is very excited to offer both her salon and spa services to the community and indicates that she is here to stay. A Hair Day Salon & Spa is in a great location just off Anna Maria Island with its own tropical feel, but without the traffic. Change is sometimes a good thing. A Hair Salon & Spa took that leap and maybe you should too.

A HAIR DAY SALON & SPA

Mount Vernon Plaza

9516 Cortez Road W., Suite 7, Bradenton

941-795-5227

Monday – Friday: 8 a.m. to 5 p.m.

Tuesday: 9 a.m. to 7 p.m.

Saturday: 8 a.m. to 3 p.m.

MasterCard, Visa & Discover Cards accepted

MyRA: A Roth IRA for beginners

Investment Corner By Tom Breiter

Many of my clients have built up a healthy investment portfolio and have confidence in their financial future. They’ve been saving and investing so long that it has become second nature. But what about the young people in your life? Do you have children or grandchildren who are just entering the workforce or struggling to pay down student loans? They may ask, “Where do I even begin?”

Introducing MyRA

The starting line for the race to a comfortable retirement may be clearer than ever. In light of the fact that 31 percent of American workers have nothing saved for retirement, the government has recently begun to offer a new retirement savings account that is perfect for beginners: MyRA.

MyRA is a new kind of Roth IRA designed to help those that don’t have access to a workplace retirement account and are just beginning to save. The MyRA follows all of the rules that apply to Roth IRAs, such as income and contribution limits. The major differences between MyRA and a Roth IRA are that a MyRA is free and has no minimums.

Benefits of a MyRA

MyRA costs nothing to open and has no fees. Roth IRAs usually charge commissions or maintenance fees, which can eat away at the principal and make it harder to accumulate wealth. With the MyRA, an investor knows that all of their hard-earned money remains theirs and is at work for them.

Most private sector Roth IRA accounts require at least $1,000 or more to begin investing. For someone just starting out that can only squeeze $50 out of their monthly budget, saving up $1,000 to open an account is a hurdle. Many things can sidetrack or discourage a new saver, leading them to give up before they’ve even begun. With the MyRA, there is no minimum, so someone can start investing immediately.

MyRAs make saving easy because automatic contributions can be set up as direct deposits from a paycheck. As an added bonus, the account is not provided through the employer, so changing jobs has no impact on it and does not require changing accounts.

How is a MyRA invested?

MyRAs are considered low-risk investments because they are backed by the United States Treasury. Interest is earned at the same rate as investments in the Government Securities Fund. In 2014, that rate was 2.31 percent, and the average annual return for the 10-year period ending December 2014 was 3.19 percent. Though these are relatively low returns, for inexperienced investors intimidated by the volatility of the stock market, the security of a treasury-backed investment can be appropriate while they get started.

Once a MyRA has accumulated enough to meet the minimums for a Roth IRA, the account can be rolled over into one with greater investment options. The maximum for a MyRA account is $15,000 before it is rolled over to a Roth IRA.

If this sounds like a good option for the beginning investor in your life, help them get started on the right path towards a secure retirement. Have them go to www.myra.gov to open up an account and access more information.

Tom Breiter is president of Breiter Capital Management, Inc., an Anna Maria based investment advisor. He can be reached at 778-1900. Some of the investment concepts highlighted in this column may carry the risk of loss of principal, and investors should determine appropriateness for their personal situation before investing. Visit www.breitercapital.com.